The Gunners had looked like clinging on for victory having played the entire second half at the Etihad Stadium with 10 men.
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Week 2 Premier League action will kick off at AMEX Stadium, where Brighton and Hove Albion will host Manchester United.
“I knew this was an exciting opportunity for me, I know I can bring a lot to the team,” Nwakali told the club’s official website
The erstwhile skipper of Nigeria senior national team marked his 48th year birthday on Thursday.
The Nigeria international is expected to leave Naples this summer with Paris Saint-Germain leading the race to sign the striker last month.
The Nigerian striker, 25, is expected to leave Naples this summer after hinting that he had “made a decision on his next step” back in January.
Arsenal have 77 points from 34 games with Liverpool, who face Everton on Wednesday, on 74 from 33
The English Premier League London derby match will be broadcast live on GOtv today (Tuesday).
In a tight and cagey second leg, Gabriel Martinelli had Arsenal’s best chance of the first half but shot straight at Manuel Neuer
Arsenal were stunned as their former striker Serge Gnabry levelled six minutes later and Kane rolled home his 39th goal
Mikel Arteta’s Arsenal, in the hunt for their first league title in 20 years, are second in the table on 65 points with nine games remaining, while City are third with 64.
The UEFA Champions League encounter between Arsenal FC and Porto FC will be broadcast live on GOtv.
During a dismal spell of winter form, in which they won just one of seven games from December 9 to January 7 with just five goals to boast, the Gunners were crying out for a new striker to arrive midway through the season.
The 25-year-old has established himself as one of the most prolific strikers in Europe during his three-and-a-half year spell with Napoli, having scored 67 goals in 119 appearances across all competitions.
The Nigeria international enjoyed a standout 2022-23 campaign, scoring 26 goals in 32 league games.
The 22-year-old has developed into a star player for the Eagles.
This game will be the 14th FA Cup clash between the two teams, and the first since their last clash in the tournament in 2014, when the Gunners defeated Liverpool 2-1 at the Emirates Stadium.
Victory moved Arsenal a point clear of Aston Villa, who moved up to second on 38 points.
Successive defeats in the League Cup and Premier League had halted Arsenal’s momentum but goals by Leandro Trossard and Bukayo Saka cemented their place as leaders of Group B.
He scored in the 64th minute, firing past goalkeeper David Raya from close range after a goalmouth scramble.